After four months of intense engagement by stake holders, the Central Bank of Nigeria (CBN) eventually yielded to sound reasoning and released a circular, allowing importers of the restricted 41 items, that have letters of credit opened prior to the policy change, access to the foreign exchange market. The CBN had ...

“Without doubt, therefore, the future of manufacturing will remain bleak in the near future in the present circumstances” Dr. Frank Udemba Jacobs (MON), President MAN With the foreign exchange market fraught with uncertainty in recent months, it has been a tale of agony for Nigeria’s beleaguered manufacturers, who are unable ...